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IN RE POLICY REALTY CORP.

No. 99 Civ. 1524(SAS).

242 B.R. 121 (1999)

In re Policy, POLICY REALTY CORP., Debtor.

United States District Court, S.D. New York.

July 14, 1999.

Attorney(s) appearing for the Case

Andrew L. Morrison, Davidoff & Malito, LLP, New York City, for Appellant.

Mark A. Frankel, Bakenroth & Grossman, LLP, New York City, for Appellee.

OPINION AND ORDER

SCHEINDLIN, District Judge.

I. INTRODUCTION

Appellant, Treber Realty LLC ("Treber"), is the owner of a building located at 101 West 23rd Street. Treber leases ("Net Lease") the building to 101 West 23rd Street Inc. ("the Co-Op"). The Co-Op subleases the commercial space in the building to Policy Realty Corp. ("Policy"), the debtor and appellee. Treber terminated the Net Lease with the Co-Op for failure to pay...

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